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Project accounting - Finance Business partner

5 - 8 years

0 Lacs

hadapsar pune maharashtra

Posted:4 weeks ago| Platform: SimplyHired logo

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Skills Required

microsoft powerpoint oracle word processing data analysis skills microsoft office finance master's degree bachelor's degree accounting mba leadership accounting communication skills

Work Mode

On-site

Job Description

Job Req ID
48756
Work Type
Hybrid
Department
Finance
What you’ll do:

This position is responsible for supporting the project accounting CoE of R&D costs of Eaton’s engineering research & development. Business partnering with program management to analyze and report cost drivers and spend activities on engineering. Responsibilities include setting up and running the entire project accounting process flow covering initiation, budget, administration, allocations, maintenance and analytics and reports using project accounting software, time tracking systems, portfolio management system (Pro-PM) and financial accounting (Oracle, SAP) & reporting system (EPCBS, Encore). This position will ensure that the tracking, reporting, and forecasting of Gross R&D and program expenses is completed monthly. Will work with the program managers and business finance to understand all changes.


"• Roll out project accounting in various divisions/business with PMO and business finance team
  • Project accounting integration with resource management & time tracking systems developing rate-cards based on services provided, expertise, location, etc. Materials, such as third-party costs or pass-through expenses
  • Be Project accounting gatekeeper i.e. financial transactions related to a project including costs, billing or cost recharge and revenue are being created, mapped and accounted appropriately by engineering finance/ business finance /shared services. Ensure costs as per Project Accounting system reconcile to financial accounting system
  • Support project managers, engineering and finance leadership with Project control i.e. manage deviations from project plan mitigating impact on project’s bottom line, delivering cost savings during all phases of the project
  • Develop and publish Simplified, Specific Reports in discussion with PMO including key performance indicators (KPIs)
  • Monitor and communicate the project & program management spend and provide with interpretation of variances from plan, forecast, or baseline targets.
  • Prepare regular reports on all major programs ensure these are reviewed and approved by management
  • Business partner with program managers to control costs, mitigate risks and manage the budget; Analyze operational and financial data to indicate R&D spend effectiveness
  • Develop and implement operational and financial tools/metrics to measure R&D spend impact and effectiveness
  • Assist in the preparation of strategic plans, annual profit plans, and monthly rolling forecasts for all major programs and for the Gross R&D budget within a portfolio of plants and programs.
  • Assist Engineering and Program Management in the identification of financial risks and developing mitigation plans."
Qualifications:

Bachelor’s Degree in Finance or Costing or Management Accounting. CA/MBA/CWA/CMA preferred
5-8 years of experience in finance field (US GAP or IFRS, financial reporting/planning,Manufacturing cost accounting, financial auditing, project accounting, projects costing, pricing)

Skills:
"•Thorough knowledge and understanding of accounting principles and concepts
  • Proficient level of data analysis and accounting reconciliation skills
  • Knowledge of computerized accounting systems to include word processing, spreadsheet software and integrated ERP / accounting systems (i.e. Oracle/SAP, Excel, Vision Software, Word, Power point, Power BI, Office 365 etc.)"
"•Strong interpersonal, communication and leadership skills.
  • Ability to work independently within a matrixed organizational structure across different time zones with a minimal level of supervision.
  • Proven change management and problem-solving skills, influencing without authority
  • Strong financial and analytical competence as well as planning and organizational skills
  • Attention to detail and deadline-orientated focus"

Eaton strives to provide benefits and programs that are competitive and focused on employee well-being. These programs are offered across the United States and Puerto Rico, but specific programs and options available may depend on eligibility factors such as geographic locations, date of hire, employment type and the applicability of collective bargaining agreements.


About Us

Eaton is an intelligent power management company dedicated to protecting the environment and improving the quality of life for people everywhere. We make products for the data center, utility, industrial, commercial, machine building, residential, aerospace and mobility markets. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re helping to solve the world’s most urgent power management challenges and building a more sustainable society for people today and generations to come.
Founded in 1911, Eaton has continuously evolved to meet the changing and expanding needs of our stakeholders. With revenues of nearly $25 billion in 2024, the company serves customers in more than 160 countries. For more information, visit www.eaton.com Follow us on LinkedIn.


Our commitment to Inclusion & Diversity and Sustainability

We are powered by our vision, driven by strategy, guided by our aspirational goals and committed to doing business right. We believe diversity is our strength and diverse thinking powers innovation and growth. In our second annual Global Inclusion and Diversity Transparency Report, we look at the progress we've made in our journey and the work that's still left to do. Our latest sustainability report features our progress toward our 2030 Sustainability Goals, which include science-based greenhouse gas reduction targets and our commitment to become carbon neutral by 2030.


Recent Awards: Honored to be recognized

  • 2018-2025 World's most admired companies, Forbes
  • 2016-2023 Best Place to work for LGBTQ Equality, HRC
  • 2023-2024 Top 100 Global Most Loved Workplaces, Newsweek
  • 2012-2025 World's Most Ethical Companies, Ethisphere

  • Eaton in India was recognized as a Great Place to Work in 2022
  • CII Ideathon HR & IR in Excellence in Community Impact 2022
  • Top 20 Most Innovative Practices — Women Returnee Programs (DivHersity Awards 2022)
  • We are recognized as India's Best Workplaces in Manufacturing 2023 - Top 25
  • Eaton in India was recognized as a certified DEI Crusader during 'The Progressive Places to Work Conclave 2023' by Times Group India
  • 2022-2023 Top 100 Best Companies for Women in India (BCWI) MICI '(Most Inclusive Companies Index)' - in 2022 and 2023
  • Eaton is recognized by 'The Global DEI Alliance' as a progressive change advocate of Diversity, Equity, Inclusion, and Belonging (DEIB) - 2023

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